Solved

Congratulations! You Have Just Retired with $1

Question 128

Multiple Choice

Congratulations! You have just retired with $1.4 million dollars in your 401(k) plan.You will be receiving a fairly large Social Security check and you have adequate personal savings outside of your 401(k) to live on for several years.You don't want to lock up your retirement money into an annuity because you want to be flexible for the future.What would be your best option?


A) Purchase an early withdrawal annuity.
B) Roll over the balance into a qualified IRA account.
C) Hire a Certified Financial Planner for investing advice.
D) All of the above are correct.
E) Only B and C are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents